Contractor Mortgages
Tailored Mortgage Solutions for Contractors
As a contractor, securing a mortgage can be challenging due to the nature of your income. At Ed Davey Mortgage Brokers, we understand the unique financial circumstances of contractors and are here to help you navigate the mortgage market. With our expert advice and personalised service, we’ll help you find the right mortgage that fits your needs, ensuring a smooth and successful application process.
Call us at 01252 918 144, book a meeting or reach out via our contact form. We’re here to help!
Your home may be repossessed if you do not keep up repayments on your mortgage.
Why Choose Ed Davey Mortgage Brokers for Your Contractor Mortgage?
Specialist Expertise
Mortgages for contractors require a deep understanding of how lenders view contract-based income. Our advisers are experts in this field, with extensive experience helping contractors from various industries secure mortgages.
Customised Mortgage Solutions
We recognise that every contractor’s situation is unique. Whether you’re working on a fixed-term contract, in a specialised industry, or operating through a limited company, we provide tailored mortgage advice that suits your specific circumstances.
Access to Contractor-Friendly Lenders
As independent brokers, we have access to a wide range of lenders, including those who specialise in contractor mortgages. We can connect you with lenders who are familiar with contract-based income and offer competitive rates.
Simplified Application Process
Applying for a mortgage as a contractor can involve more detailed income verification and documentation. We manage the entire process, from gathering the necessary paperwork to submitting your application, ensuring a hassle-free experience.
Transparent Fees
At Ed Davey Mortgage Brokers, we believe in transparency. Our fees are clear and straightforward, with no hidden costs. Your initial consultation is free, allowing you to explore your mortgage options without any financial commitment.
How We Help Contractors Secure Mortgages
Assessing Your Contract Income
We start by reviewing your contract income, whether you’re paid via a day rate, fixed-term contract, or through your limited company. We help present your income in a way that maximises your borrowing potential.
Understanding Your Financial Profile
Lenders often require a detailed understanding of your financial stability as a contractor. We’ll assist you in gathering the necessary documentation, such as contract history, bank statements, and tax returns, to support your application.
Explaining Mortgage Options
Contractor mortgages can differ from standard products. We’ll explain the options available to you, such as mortgages based on your contract rate or those with flexible underwriting criteria, helping you choose the best product for your needs.
Advising on Strengthening Your Application
If necessary, we can advise on steps to strengthen your mortgage application, such as improving your credit score, extending your contract term, or building up your savings.
Managing the Application Process
From start to finish, we handle the entire mortgage application process. We liaise with lenders on your behalf, provide all necessary documentation, and keep you informed at every stage, ensuring a smooth path to mortgage approval.
Supporting You Beyond Approval
Our support doesn’t end once your mortgage is approved. We’re here to assist with any final details and provide ongoing advice as you prepare to move into your new home or investment property.
Why a Mortgage Broker is Essential for Contractor Mortgages
Navigating the mortgage market as a contractor can be complex, with lenders often requiring a deeper understanding of your income and financial stability. A mortgage broker like Ed Davey Mortgage Brokers is essential in this process. We compare a wide range of deals, manage all the paperwork, and ensure you fully understand your mortgage options. With our expert guidance, you can secure a mortgage that works for you, no matter how unique your contracting situation.
Ready to Secure Your Contractor Mortgage? Let Ed Davey Mortgage Brokers help you navigate the complexities of securing a mortgage as a contractor. Contact us today for a free, no-obligation consultation, and take the first step toward finding the perfect mortgage for your needs.
